The Buhari Media Support Group (BMSG) on Thursday in Abuja, said the stolen funds traced to former Petroleum Minister, Diezani Alison-Madueke, could fund infrastructure development in the country. Specifically, the group said in a statement by its Chairman, Austin Braimoh, and Secretary, Cassidy Madueke, that government could build six world-class …
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N47.2 Billion and $487.5 Million in cash and properties have so far been traced to the former Minister of Petroleum Resources in the Ex-President Goodluck Jonathan’s administration, Mrs. Diezani Alison-Madueke. This followed painstaking investigations by operatives of Nigeria’s Economic and Financial Crimes Commission, EFCC These are some of the top properties purchased from …
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Mobil Producing Nigeria Unlimited and Shell Petroleum Development Company of Nigeria Limited recorded the biggest decline in production from joint venture assets in the first quarter of this year. The subsidiary of the United States-based ExxonMobil Corporation saw its JV output drop from 11.646 million barrels in January last year …
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The Nigerian National Petroleum Corporation, NNPC, and its subsidiary, the Pipeline and Products Marketing Company, PPMC, earned N680.1billion from the sale of 5.5 billion litres of white petroleum products in the first four months of the year, between January and April 2017. White products comprise Premium Motor Spirit, PMS, Automotive …
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An investigative officer of the Economic and Financial Crimes Commission (EFCC), Usman Zikari, has revealed to the Federal High Court in Ikoyi, Lagos how former Minister of Petroleum Diezani Alison-Madueke shared $115 million with politicians and influential figures across Nigeria, including former Minister for National Planning Abubakar Suleiman. Mr. Zikari, …
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An advocacy group in the Niger Delta, the Grassroots Initiative for Peace and Social Orientation, has advised the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to stop frustrating the peace process in the region. GIPSO said the minister’s alleged selective town hall meetings with some groups and ex-militant …
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The Economic and Financial Crimes Commission has discovered a $37.5m (N11.75bn) luxury high-rise building on Banana Island, Ikoyi, Lagos, allegedly belonging to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke. This is just as the EFCC revealed on Friday that it discovered $9.3m and £74,000 belonging to a former …
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The group operations of the Nigerian National Petroleum Corporation, NNPC, recorded a cumulative loss of N411.1 billion in 21 months between January 2015 and September 2016, the Nigerian Extractive Industries Transparency Initiative, NEITI, has stated. In report, the agency said its review of the NNPC’s monthly financial and operational reports …
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The Nigeria National Petroleum Corporation (NNPC) says plans are underway to set up an energy renewable plant that will use agro products to generate energy. Its Group General Manager in charge of Renewable Energy Division, Mr Rabiu Suleiman, stated this on Tuesday in Makurdi during a courtesy call on Gov. …
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Militants bombed a state-run oil pipeline in southern Nigeria Monday causing massive spills, in the latest attack on the country’s oil infrastructure, said an industry official. “The pipeline is operated by the Pipelines and Products Marketing Company (PPMC) at Batan near Warri. It was blown up early yesterday (Monday),” a …
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